by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
Update Table of Contents What is a Price War?Why is Price War Common?How to Stop Price WarRevealing intention to competitors Competing strictly on non-price based measures Emphasize high quality Engaging in fight war Planning exit strategies Pros of Price WarCons of...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is Manufacturing Production?Manufacturing production is a strategy that enables manufacturers to achieve maximum efficiency in the manufacturing and production of goods intended for sale. Manufacturing production processes can be broadly classified into three...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is Ideation?Ideation is the process of forming ideas and recognizing the ideas generated. Processes involved in how ideas are formed might include conception of the idea, the sequence of thoughts that are invested in forming the idea, and thoughts on how the idea...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is an Offensive Competitive Strategy?An offensive competitive strategy is a form of corporate strategy that involves active and consistent efforts to make and implement changes within the sector. Firms who follow this strategy are the ones who make huge...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is an Aggregator Model?An Aggregator Model is a networking E-commerce business model where a firm, known as an Aggregator, collects (or aggregates) data pertaining to goods and/or services offered by several competing websites or application software (commonly...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is a Basing Point Pricing System?Basing point pricing, or base point pricing, refers to a pricing system whereby a company ensures its prices are determined by two components – a base price for the product and freight cost from product shipping. Usually,...
